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Updated almost 4 years ago on . Most recent reply
Bookkeeping tips for rental properties
Wanted to see if anyone has some tips for simple and effective bookkeeping for buy-and-hold rental properties. Currently, I track net worth monthly on a simple excel spreadsheet (has columns for checking, retirement, index fund, etc...). Since there is a lot more in and out involved with a rental, I am looking for an efficient way of tweaking it to meet the following goals:
1) preferably not on a separate software program. Like the old-school feel of excel :)
2) Keeps real estate transactions separate for tax purposes
3) Easy to fill in expenses and income on a monthly basis
If anyone has any tips, or even an excel template they would be willing to share, that would be extremely helpful! Thanks!!
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![John Adams's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/91121/1621416589-avatar-johnradams.jpg?twic=v1/output=image/cover=128x128&v=2)
Look at www.buildium.com
Tracks everything, and more. No-brainer.